Havells India Ltd. Company History and Annual Growth Details

YEAR 1983 - The Company was originally incorporatd as Havell's India Private Limited on 8th August, under the Companies Act, 1956 and subsequetly the name was changed to Havell's India Limitd vide certificate dated 31st March, 1992.

- The Company was promoted by S/Shri Qimat Rai Gupta and Surjit Kumar Gupta.

- The Company also entered into a Technical Collaboration with M/s Christian Geyer GmbH &amp; Co., Germany for the manufacture of Miniature Circuit Breakers in India.

1989 - The company undertook addition to its tool room facilities by going in for manufacturing of sheet metal and moulding tools in-house.

1991 - The company amalgamated with itself Elymer Havbell's Pvt. Ltd. which had facilities for manufacture of HRC fuses with an installed capacity of 2,50,000 pcs.

1992 - For the manufacture of ELCBs, the Company signed another Technical Collaboration with M/s Schiele Industrieworke, Germany.

1994 - The company successfully launched the latest IEC design contractors, relays, and motor starters for the first time in India which have been well received in the market.

- The company has finalized tie-ups in UAE, Oman, Kuwait and Egypt for marketing its vast range of products in these countries.

1995 - The Company has introduced Product Managers and 'Industrial Teams' to emphasize the product mix and to strengthen its presence in all market segments.

1996 - Schiele industriwerke, Germany, who have been our collaborators for ELCBs, have entered into a new technical collaboration with the company for quality upgradation for its products in the controlgear division.

- The company decided to enter into the manufacture of Three Phase Energy Meters for industrial applications.

- Keeping in view business synergy's with the Cable Industry, the Company has entered into the manufacture of low tension power cables.

- Havell's group signed a Joint Venture Agreement with Hanson Electrical, a group company of the UK Pound 11 Billion Anglo-American conglomerate, Hanson Plc., one of the top ten Companies of UK.

1997 - One of the biggest achievements during the year is that the JV partners have tested the MCBs and have entered into an agreement with the Company to exclusively market the MCBs in the world wide markets.

2001 - The Company has been awarded the highest revenue payer award for the year 2000 in the organised sector category.Havell's India Ltd has informed BSE that the company had earlier acquired 60% shareholding of Standard Electricals Ltd., Jalandhar, an unlisted company.

- The company has acquired the entire 100% shareholding of Standard Electricals Ltd., by purchasing balance 40% shareholding of the company. The Standard Electricals Ltd., has thus become a 100% subsidiary of company w.e.f. December 31,2001.

2004

-Forays into the luxury bathroom fittings and accessories segment under the Crabtree Frattini brand name

-Havells India Limited has sold out its entire shareholding of Standard Electricals Limited, an un-listed public limited company which was a 100% subsidiary of the Company. Consequently, with effect from such transfer, Standard Electricals Limited is no longer a subsidiary of the Company.

-Set up manufacturing plant in Haridwar, Uttaranchal for manufacturing Fans.

-Awarded the KEMA certification by The Dutch Council for Accreditation, making QRG the only group to attain this certification.

-Set up of R&amp;D Center in Noida H.O.

2006

-Havells India Ltd has informed that Ms Sabina Geyer has resigned from the Directorship of the Company with immediate effect.

-Crabtree India merged with Havells India.-First Company to get the ISI Certification for complete range of CFLs.-Expansion at Alwar manufacturing plant for increase of production capacity.

2007

-Havells India Limited has appointed Mr.N Balasubramanian as additional director of the Company who shall hold office upto the date of next Annual General Meeting.

-Acquired the Lighting business of a Frankfurt based company 'Sylvania', a global leader in lighting business and now the company's turnover crosses US$ 1 Billion.-Warburg Pincus, a global private equity firm and one of the largest investors in India, invested US $110 million in Havells India Ltd. Havells issued fresh shares to Warburg Pincus, representing approximately 11.2% of the fully diluted share capital of the company.-QRG Group entered healthcare business by acquiring a majority stake in Central Hospital and Research Centre, Faridabad.

2008

-Havells India Limited has appointed Mr Sanjay Johri as the Company Secretary of the Company w.e.f August 25, 2008.

-Set up of fully automatic plant for Havells Lafert Motors at Neemrana-Change in Corporate BRAND identity -First Indian CFL manufacturers to have adopted RoHS, European norms on Restriction of Hazardous Substances in CFLs.

2009

- Havells India opened its second exclusive showroom 'Havells Galaxy' in Chennai.